Water and Power Community Credit Union logo

Water and Power Community Credit Union

Public charity · Grantmaker Los Angeles, CA EIN: 95-0952237 Website

A cooperative, organized for the purpose of promoting thrift andsavings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, water & power community credit union conducts its business for the mutual benefit and general welfare of itsmembers with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.

Key facts about Water and Power Community Credit Union

In short: Water and Power Community Credit Union gave $8K across 1 grant in 2024 (avg $8K), mostly in California. Source: 2024 IRS Form 990.

EIN
95-0952237
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$7,500
Grants made (2024)
1
Average grant
$7,500
Median grant
$7,500
Total assets
$943,994,213
Primary geography
California (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$944.0M

-2.6% YoY

Annual Giving

$8K

-50.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$8K

-50.0% YoY

About Water and Power Community Credit Union

Based on IRS filings

Water and Power Community Credit Union is a public charity, based in Los Angeles, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $944.0M in total assets. In 2024, it awarded 1 grant totaling $8K. Net investment income was $6.0M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

Los AngelesWhittier

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60KTotal only2020 Total only2021 3 grants2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $6K (2020) to $42K (2022). In 2024 it made 1 grant totaling $8K.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Los Angeles Unified School District: $8KLos Angeles Unified SchoolDistrict$8K

The largest 2024 recipient was Los Angeles Unified School District ($8K).

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Los Angeles Unified School District Los Angeles, CATo support stem education, reward student achievement, and provide equitable opportunities for students to excel in science.$7,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$943,994,213$969,595,009$929,459,865
Revenue$47,148,530$45,747,261$41,011,764
Expenses$45,891,011$40,260,217$34,627,524
Net Investment Income$6,040,128$6,382,666$7,964,217

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 3, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS October 31, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS October 2, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 3, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Water and Power Community Credit Union is led by Mike Tufegdzich, CEO since 2022 (on filings since 2020); 11 of 22 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Mike Tufegdzich

    CEO

    COO → CEO, 2022

    On filings since 2020

    43.7 hrs/week

    $319K (2020) → $533K (2024)

  • Nora Yusa

    Board Chairperson

    Board Treasurer → Board Chairperson, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Theron Rucker

    Supv Cmte Chairperson

    Supv Cmte Member → Supv Cmte Chairperson, 2022

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Fadwa Knox

    Director Lending

    On filings since 2022

    41.8 hrs/week

    $147K (2022) → $164K (2024)

  • Jessica Ortiz

    Senior Director of Compliance

    Director of Compliance → Senior Director of Compliance, 2024

    On filings since 2023

    41.9 hrs/week

    $165K (2023) → $183K (2024)

  • Italo Alvarado

    Re Loan Officer

    On filings since 2020

    41.2 hrs/week

    $142K (2020) → $154K (2024)

  • Luis Robles

    Treasurer

    On filings since 2020

    43.1 hrs/week

    $155K (2020) → $199K (2024)

  • Patrice Mustafa

    COO Executive Vice President

    Vice President of Sales & Member Experience → COO, 2022

    COO → COO Executive Vice President, 2024

    On filings since 2020

    43.4 hrs/week

    $156K (2020) → $327K (2024)

  • Felipe Castaneda

    CFO

    On filings since 2021

    44.3 hrs/week

    $35K (2021) → $326K (2024)

  • David Covell

    CIO

    Vice President Information Technology → CIO, 2024

    On filings since 2022

    40 hrs/week

    $146K (2022) → $235K (2024)

  • Bruce Alan West Former

    Cpo

    New on the 2024 filing

    21.7 hrs/week

    $178K (2024)

  • Charles Jerome Woolen Former

    Senior Manager People Operations

    New on the 2024 filing

    21.5 hrs/week

    $180K (2024)

  • Kenneth Michael Grossman

    Senior Manager Network Security

    New on the 2024 filing

    41.2 hrs/week

    $179K (2024)

  • Belinda Walker

    Board Treasurer

    Assistant Treasurer → Board Treasurer, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Cynthia Meekins

    Assistant Treasurer

    Supv Cmte Chairperson → Supv Cmte Member, 2021

    Supv Cmte Member → Assistant Treasurer, 2024

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Gerard Watson

    Assistant Secretary

    Board Secretary → Assistant Secretary, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Gladys Berry

    Board Secretary

    Board Vice Chair → Board Secretary, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Salvador Mancilla

    Supv Cmte Secretary

    Supv Cmte Member → Supv Cmte Vice Chairperson, 2022

    Supv Cmte Vice Chairperson → Supv Cmte Secretary, 2024

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Venest Henry-Evans

    Board 1st Vice Chair

    Board Chairperson → Board 1st Vice Chair, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Wing Wong

    Supv Cmte Member

    Supv Cmte Member → Supv Cmte Chairperson, 2021

    Supv Cmte Chairperson → Supv Cmte Member, 2022

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Brian Lam

    Board 2nd Vice Chair

    Board Member → Assistant Treasurer, 2023

    Assistant Treasurer → Board 2nd Vice Chair, 2024

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Emmajacky Magarin

    Supv Cmte Vice Chairperson

    Supv Cmte Member → Supv Cmte Vice Chairperson, 2024

    On filings since 2023

    2 hrs/week

    No compensation reported

Former officers (12)
  • Former: Celeste Zibelli (2020–2023) — Vice President of Markerting & Financial Services
  • Former: Kenneth Michael (2022–2023) — Senior Manager Network Security
  • Former: Bruce Alan West (2023) — Cpo
  • Former: Eric Guerrero (2023) — Director Marketing
  • Former: Barry Roach (2020–2022) — CEO
  • Former: Craig Luna (2020–2022) — Board 2nd Vice Chair
  • Former: Jaime Vasquez (2020–2022) — Vice President of It
  • Former: Steven Starks (2020–2022) — Supv Cmte Member
  • Former: Bridget Graham (2020–2021) — Vice President of Human Resources
  • Former: Robert Bayliff (2021) — Financial Services Advisor
  • Former: Allen Thephavong (2020) — Senior Marketing Technology Manager
  • Former: Joanna Oliva (2020) — CFO

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Mike Tufegdzich — CEO: $533KMike TufegdzichCEO$533KPatrice Mustafa — COO EVP: $327KPatrice MustafaCOO EVP$327KFelipe Castaneda — CFO: $326KFelipe CastanedaCFO$326KDavid Covell — CIO: $235KDavid CovellCIO$235KLuis Robles — Treasurer: $199KLuis RoblesTreasurer$199KJessica Ortiz — Senior Director of Compliance: $183KJessica OrtizSenior Director of Compliance$183KCharles Jerome Woolen Former — Senior Manager People Operations: $180KCharles Jerome Woolen…Senior Manager People Operations$180KKenneth Michael Grossman — Senior Manager Network Security: $179KKenneth Michael GrossmanSenior Manager Network Security$179KBruce Alan West Former — CPO: $178KBruce Alan West FormerCPO$178KFadwa Knox — Director Lending: $164KFadwa KnoxDirector Lending$164KItalo Alvarado — Re Loan Officer: $154KItalo AlvaradoRe Loan Officer$154K

The highest reported compensation on the 2024 filing was $533K, to Mike Tufegdzich (CEO). 11 officers or directors reported compensation on that filing.

Frequently asked questions about Water and Power Community Credit Union

How much does Water and Power Community Credit Union give each year?

Water and Power Community Credit Union gave $8K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $15K across 1 grant.

How large is Water and Power Community Credit Union?

Water and Power Community Credit Union reported $944.0M in total assets on its 2024 IRS Form 990. Its revenue that year was $47.1M.

Where does Water and Power Community Credit Union operate?

Water and Power Community Credit Union has awarded grants in California.

What is Water and Power Community Credit Union's EIN?

Water and Power Community Credit Union's EIN (Employer Identification Number) is 95-0952237. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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